203 S Main St,Wauconda, IL 60084
Wauconda, IL 60084
Description
Incredible investment opportunity in the heart of downtown Wauconda-ideal for a 1031 exchange! This 6/7 leased mixed-use property on Main Street is now available, offering immediate income potential. The building features three retail storefronts, all occupied by long-term tenants, and four apartments on the second floor. The residential units include two updated two-bedroom apartments-one fully remodeled with in-unit laundry-and two one-bedroom apartments, one fully updated and the other in excellent condition. Many tenants are repeat renters, providing stable and proven income. Additionally, the property is part of Wauconda's Facade Improvement Grant program, allowing for further exterior upgrades. Financials are available upon request. Don't miss this rare opportunity to own a prime, income-producing property in a thriving downtown location!
Details
| MLS # | 12260571 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1861 |
| Days On Site | 169 |
| Listing Provided By | Compass | Kim Alden |
Features
| SQ Feet | 8,645 |
|---|---|
| Story(s) | 2 |
| Units | 7 |
| Zoning | COMMR |
Interior
| Cooling | Central Air |
|---|
Exterior
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Connected, Water Available |
|---|
Taxes
| Property | 25173 |
|---|
Market Activity 60084
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Learn More About This Property
| State | IL |
|---|---|
| County | Lake |
| City | Wauconda |
| Zip Code | 60084 |
| Area | Wauconda |
| Listing VS Median (in 60084) | |
Price: $995,000 low | high Med: $425,000 SqFt: 8,645 low | high Med: 1,608 $ / SqFt: $115 low | high Med: $264 On site: 169 low | high Med: 11.000000 | |